Thanks to "Toolman Tim" - Setting Up a New Remote Git Repository
Plagiarized from Tim for quick reference:
$ ssh myserver.com
Welcome to myserver.com!
$ mkdir /var/git/myapp.git && cd /var/git/myapp.git
$ git --bare init
Initialized empty Git repository in /var/git/myapp.git
$ exit
Bye!
$ cd ~/Sites/myapp
$ git remote add origin ssh://myserver.com/var/git/myapp.git
$ git push origin master
